PTL : Little change here

On April 6th we commented on PTL : “PTL may need a short while longer to post a major attack on resistance at 24.70-24.80, but a breakout here should see it spike to at least 29, if not 30-31, or even 33.

For now, it might just be worth a look on a dip to support near 23.30 or so, and then hold for a few weeks for targets to be hit, albeit with a 4-5 spread stop loss in place.”

We don’t have much more to say really, and until it shows us the volume we will stay clear as there are many other stocks worthy of more attention than this fallen star. It may miss this entire rally, or it might have a late spike, but overall its chart set up is one to we wary of, and our best advice is to look elsewhere for the most part until such times as there is a more bullish chart to discuss.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: